Bank of Maharashtra rise after Q2 PAT jumps 41% YoY to Rs 2,310 cr

Bank of Maharashtra rose 1.79 to Rs 77.46 after the company reported a 41.42% year-on-year (YoY) jump in standalone net profit to Rs 2,309.59 crore for the quarter ended 30 September 2026 (Q2 FY27), compared with Rs 1,633.14 crore in Q2 FY26.

Total income climbed 22.10% YoY to Rs 9,735.41 crore in Q2 FY27 from Rs 7,973.61 crore in Q2 FY26.

Profit before tax (PBT) climbed 49.27% YoY to Rs 2,714.22 crore in Q2 FY27. Net interest income (NII) grew 21.76% YoY to Rs 3,954 crore in Q2 FY27 as against Rs 3,248 crore in Q2 FY26. Domestic net interest margin (NIM) stood at 3.97%, while global NIM was 3.86%.

The bank's total global deposits increased 21.50% YoY to Rs 3,76,407 crore, while net advances surged 30.16% to Rs 3,25,641 crore. CASA deposits rose 11.92% YoY to Rs 1,74,576 crore, while the domestic CASA ratio stood at 46.47%, compared with 50.35% a year earlier.

Its Retail, Agriculture and MSME (RAM) business grew 24.69% YoY. Retail advances rose 20.91% to Rs 94,582 crore, while MSME advances increased 24.69% to Rs 58,049 crore.

On the asset quality front, gross non-performing assets (GNPA) improved to 1.25% as of 30 September 2026 from 1.72% a year earlier, while net NPA improved to 0.12% from 0.18%. The provision coverage ratio improved to 98.53% from 98.34% in the year-ago period.

As of 30 September 2026, the bank's total Basel III capital adequacy ratio stood at 18.51%, including a Common Equity Tier 1 (CET1) ratio of 15.61%.

Bank of Maharashtra is engaged in providing banking services. The bank's segments include Treasury, Corporate/Wholesale Banking, Retail Banking and other banking operations.

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